The new bridge is part of the broader Dubai-Al Ain Road project, which involves widening the three-lane road to six lanes and building six interchanges along the 17km stretch
The new bridge is part of the broader Dubai-Al Ain Road project, which involves widening the three-lane road to six lanes and building six interchanges along the 17km stretch
The new bridge is part of the broader Dubai-Al Ain Road project, which involves widening the three-lane road to six lanes and building six interchanges along the 17km stretch
The new bridge is part of the broader Dubai-Al Ain Road project, which involves widening the three-lane road to six lanes and building six interchanges along the 17km stretch

New bridge to speed up traffic flow in Dubai's Nad Al Sheba area


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A new bridge to improve traffic flow is the latest improvement along the Dubai-Al Ain Road.

The interchange in the Nad Al Sheba area of Dubai was opened this weekend.

It is part of a broader project to improve traffic flow along a 17-kilometre section from the junction of the Dubai-Al Ain Road and Emirates Road up to Bu Kadra-Ras Al Khor intersection.

The project involves constructing six key intersections along the road and widening it from three to six lanes.

The bridge serves the traffic from and to Dubai-Al Ain Road heading to Nad Al Sheba, Meydan and housing projects such as Dubai Silicon Oasis, Dubailand Residence Complex, Liwan, Meydan and Dubai Design District.

“RTA has completed 70 per cent of works in the entire Dubai-Al Ain Road development project, one of the biggest road infrastructure projects currently undertaken by RTA," said Mattar Al Tayer, director general of the Roads and Transport Authority.

"Upon completion, the project will contribute to the smooth traffic flow, while improving the connection with Ras Al Khor Road, Sheikh Mohamed bin Zayed Road, Sheikh Zayed bin Hamdan Al Nahyan and Emirates Road, besides serving the existing and future projects on both sides of Dubai-Al Ain Road.

"The project will also double the road’s capacity from 6,000 vehicles per hour per direction to 12,000 vehicles per hour per direction. It will also slash the travel time on the sector of Dubai-Al Ain Road from Bu Kadra intersection to Emirates Road junction from 16 minutes to 8 minutes only, in addition to easing tailbacks that used to extend 2km."

The development of new suburban housing and a major expansion of the city into the desert is part of the city's 2040 plan.

It includes initiatives to boost the city's population from about 3.3 million in 2020 to 5.8 million in 20 years' time.

The specs

Engine: 3.0-litre 6-cyl turbo

Power: 435hp at 5,900rpm

Torque: 520Nm at 1,800-5,500rpm

Transmission: 9-speed auto

Price: from Dh498,542

On sale: now

Brief scoreline:

Al Wahda 2

Al Menhali 27', Tagliabue 79'

Al Nassr 3

Hamdallah 41', Giuliano 45 1', 62'

Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

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Consoles: PC, PlayStation 4/5, Xbox Series X/S

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Updated: August 07, 2021, 9:18 AM